Infinitum
Overview
Infinitum Electric, commonly referred to simply as Infinitum, is a pioneering company in the electric motor industry, known for its sustainable and high-efficiency air-core motors. Founded in 2016 by Ben Schuler, the company is headquartered in Austin, Texas. Infinitum has made significant strides in the industry by integrating cutting-edge Printed Circuit Board (PCB) stator technology into its motors, which are lighter, more durable, and consume less energy than traditional motors. As of 2024, the company has raised substantial capital, amounting to approximately $220 million, which underscores its potential and investor confidence in its technology.
Recent Developments
- July 2024: Infinitum announced a $35 million extension to its Series E funding, bringing the total to $220 million. This funding aims to accelerate the company’s growth and advance its efforts in decarbonization through its sustainable motor systems.
- January 2024: Infinitum received two CES 2024 Innovation Awards Honoree designations in the categories of Sustainability and Human Security for All, recognizing the innovative design and engineering of its Aircore EC motor.
- December 2023: The company was featured on the 2024 Global Cleantech 100 list, highlighting its contributions to sustainable innovation in the clean technology sector.
- October 2023: Infinitum expanded its executive team, appointing seasoned industry leaders to drive further growth and innovation, reflecting on an impressive 2023 performance.
- March 2023: A strategic partnership agreement with Rockwell Automation was announced to co-develop and distribute high-efficiency integrated drive and motor technology, aimed at achieving sustainable outcomes in energy-intensive industries.
- June 2023: Infinitum’s Aircore EC motor received a Silver 2024 Product of the Year Award from Consulting-Specifying Engineer for its remarkable performance in data centers.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2016 |
| Headquarters | Austin, Texas, USA |
| Founders | Ben Schuler |
| Revenue | $238K (as of 2022) |
| Key Investors | Riverstone Holdings, NGP Capital, Just Climate |
| Industry | Manufacturing, Electric Motors |
| Number of Employees | Approximately 203 |
Early History
Infinitum was founded in 2016 in Austin, Texas, with the mission to revolutionize the electric motor industry through innovative, sustainable design. The company's breakthrough came with the development of the Printed Circuit Board (PCB) stator technology, which replaces traditional copper-wound stators and significantly reduces the weight and size of motors while increasing efficiency. This innovation found immediate traction in commercial HVAC systems, leading to early collaboration with Rockwell Automation. The company's journey from a startup to a significant industry player is marked by strategic investments, technological advancements, and recognition in the form of multiple awards for sustainability and innovation.
Company Profile and Achievements
Infinitum operates at the forefront of sustainable motor technology, with its business model centered on high-efficiency, environmentally friendly electric motors. Key achievements include:
- Patented Technology: Infinitum's air-core motor technology, featuring a lighter, printed circuit board stator, has been patented and recognized for superior performance and sustainability.
- Awards and Recognition: The company has received numerous accolades, including awards from CES, Edison Awards, and Engineered Systems Magazine, highlighting its pioneering advances in sustainable technology.
- Substantial Funding Rounds: Infinitum secured significant investments through multiple funding rounds, culminating in a Series E funding that strengthened its market position and facilitated production expansion.
- Strategic Partnerships: Collaborations with major industry players like Rockwell Automation have expanded the reach and application of Infinitum's motor technology across various sectors, including HVAC and data centers.
- Expansion and Innovation: The company has scaled operations, notably expanding its manufacturing capability with a plant in Mexico, and continues to innovate in motor designs tailored for specific industry needs like mining and industrial automation.
Current Operations and Market Position
Infinitum Electric is spearheading sustainable technology in the electric motor industry, leveraging its proprietary air-core motor systems to drive efficiency and reduce environmental impact across various sectors. The company’s motors are employed in critical applications such as data center cooling, HVAC systems, and industrial equipment, recognized for reducing energy consumption significantly. Infinitum is positioned as a leader in integrating smart motor technology, offering solutions that meet rising demands for sustainability and energy efficiency. The strategic partnership with Rockwell Automation underscores its commitment to providing comprehensive, integrated solutions suitable for the most demanding industrial applications.
Conclusion
Infinitum Electric has emerged as a transformative force in the electric motor industry, acclaimed for its innovative air-core technology that promises higher efficiency and sustainability. With a robust strategy in place, backed by substantial investment and strategic partnerships, Infinitum is well-poised to lead the transition towards more sustainable energy consumption practices globally. Its commitment to innovation, along with a solid foundation of technological expertise, suggests a promising trajectory that could reshape the motor manufacturing landscape, potentially setting new standards for environmental responsibility and operational efficiency.